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LONDON: European refineries cut their crude oil processing by 4.8pc in June compared with the same time last year, Euroilstock data showed on Tuesday.

Crude intake was at 9.755 million barrels per day, nearly 1pc lower than May levels.

Total crude and product inventories in June were slightly higher than in May and 1.2pc higher than in June 2018.

Copyright Reuters, 2019

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